Vincent Raseroka has been appointed as acting CEO of Multi-Links, Telkom’s deeply troubled operation in Nigeria. Raseroka will hold the post while the telecommunications group searches for someone to replace Jeffrey Hedberg, who has been appointed as Telkom CEO, replacing Reuben September.
Raseroka, who had been Multi-Links’s chief operating officer, takes over with immediate effect. He was previously CEO of SAA technical and held various executive positions at packaging business Nampak.
From 2003 to 2005, Raseroka was MD of Cell C’s service provider company.
Hedberg, known as a turnaround specialist, left Cell C last year to help Telkom fix Multi-Links, which reported a loss of R659m in the year to 31 March 2010. It lost R226m the year before.
Analysts say a turnaround strategy for the business is critical if it’s to survive. Some analysts have already suggested Telkom would be better off letting go of it entirely, as the CDMA technology it uses has proved to be a millstone around its neck. The Nigerian market is dominated by operators using GSM, a rival technology. — Candice Jones, TechCentral
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